ONGC gets discount on insurance premium from United India, GIC Re and other top insurance news

Insurance PremiumOil and Natural Gas Corp. Ltd’s (ONGC) hard bargain with state-run United India Insurance Co. Ltd and General Insurance Corp. of India (GIC Re) has further brought down its annual renewal premium by almost 25% to $16 million for both insurance as well as reinsurance covers for its offshore assets valued at $34 billion.

BNP Paribas has hired a managing director from Barclays to join its insurance debt capital markets team.Banner-280120Expanding insurance coverage for a type of in vitro fertilization known as elective single-embryo transfer could lead to improved health outcomes and lower health care costs, according to a newly published study that included researchers from the University of Colorado School of Medicine.

Santam has agreed to acquire Absa’s intermediated commercial short-term insurance policies. Absa said on Friday this was part of a process started last year.

The Federal Emergency Management Agency is changing how it implements the National Flood Insurance Program in Oregon to avoid further destruction of fish habitat.

Curated from ONGC gets discount on insurance premium from United India, GIC Re and other top insurance news 

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